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HL:Provident to keep current business model, makes cost-cutting moves@

May 20, 2009 1:32 pm | by The Associated Press | News | Comments

CALGARY — Provident Energy Trust (TSX:PVE.UN) said it is keeping its current business model following a 15-month strategic review, and has cut costs including jobs to save $12 million annually.The Calgary-based company said it will stick to its midstream and upstream business model.It announced a...

Navy helicopter with 5 crashes southwest of Calif., 15th Ld-Writethru, CA

May 20, 2009 1:32 pm | by ELLIOT SPAGAT - Associated Press Writer - Associated Press | News | Comments

SAN DIEGO (AP) — Searchers recovered three bodies and scoured the ocean for two more members of a Navy flight crew Wednesday after their helicopter went down in darkness on a training flight from an aircraft carrier, authorities said.The HH-60 Seahawk helicopter took off from the USS Nimitz and...

Colorado car dealers that could lose franchises, CO

May 20, 2009 1:31 pm | by The Associated Press | News | Comments

Chrysler LLC has identified dealers nationwide it would like to drop, including 14 in Colorado:— Craig: Cook Chevrolet Inc.— Delta: Hellman Motor Co.— Denver: Phil Long Denver-Jeep-Chrysler— Durango: New Country Chrysler— Fort Morgan: Fort Morgan Auto Center Inc.— Longmont: King Auto Group— La...

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Cephalon publicly offering stock, notes, APFN

May 20, 2009 1:31 pm | by The Associated Press | News | Comments

FRAZER, Pa. (AP) — Cephalon Inc. said Wednesday it is publicly offering $300 million in common stock and $350 million in notes, partly to raise funding to enter a hedging transaction.The company plans on entering the hedging deal for common stock with Deutsche Bank AG's London Branch, an affiliate...

Pacific Music Forum: Die globale Musikindustrie sucht in Asien nach begeisterten Konsumenten, Innovatoren im Digitalbereich und dem nachsten Abschluss uber Google Music Business ...

May 20, 2009 1:16 pm | by The Associated Press | News | Comments

HONGKONG-- (BUSINESS WIRE) — 20. Mai 2009-- Indem es ein einzigartiges asiatisches Forum fur die Kreativ- und Technologiebranchen der Welt schafft, lockt die Music Matters - The Asia Pacific Music Forum, eine aussergewohnlich hochrangige Kollaboration weltweiter Fuhrungskrafte aus dem...

Allegheny Energy says Virginia OKs 6% rate hike, VA

May 20, 2009 1:16 pm | by The Associated Press | News | Comments

RICHMOND, Va. (AP) — Allegheny Energy says Virginia has approved an interim rate increase for customers of its Potomac Edison Co. subsidiary.Greensburg, Pa.-based Allegheny said Wednesday the average residential bill in Virginia will increase $5.47, or 6 percent, to approximately $96 a month July...

HL:Lucien Bouchard brought in to help subway negotiations with Bombardier, Alstom@

May 20, 2009 1:15 pm | by Ross Marowits@Associated Press | News | Comments

MONTREAL — Former Quebec premier Lucien Bouchard has been brought in to help the Montreal transit authority's efforts to negotiate an agreement by the end of June with Bombardier (TSX:BBD.B) and Alstom Canada for new subway cars valued at about $1.2 billion."We can say that for at least several...

HL:Better financial days for Sara Renner as she prepares for 2010 Olympics@

May 20, 2009 1:15 pm | by Donna Spencer@Associated Press | News | Comments

CALGARY — Sara Renner remembers the dark days in her sport.After a poor performance at the 1998 Nagano Olympics, the Canadian cross-country ski team was told all their funding had been cut."What were we going to do now?" she recalled thinking. "It was absolutely bare bones."So the 33-year-old from...

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Dow lightens up: sells $935 million in assets, 1st Ld-Writethru, APFN

May 20, 2009 1:15 pm | by The Associated Press | News | Comments

MIDLAND, Mich. (AP) — Dow Chemical Co. said Wednesday it would sell another $935 million in assets to pay down debt.Dow said it had signed two separate agreements that bring the total worth of divested assets this year to $2.6 billion. That is ahead of the company's original plan, the company said...

AARP calls for lower electric rates for low-income, 1st Ld-Writethru, VT

May 20, 2009 1:15 pm | by DAVE GRAM - Associated Press Writer - Associated Press | News | Comments

MONTPELIER, Vt. (AP) — Disabled by narcolepsy and able to work only sometimes, Nancy Swainbank says she occasionally has had trouble keeping up with her electric bills.Now the 60-year-old St. Albans woman — and those in similar straits — could have some help from an energy support program the...

Former Neb. plant employee alleges illegal hiring, APFN

May 20, 2009 1:15 pm | by JEAN ORTIZ - Associated Press Writer - Associated Press | News | Comments

OMAHA, Neb. (AP) — Another former employee of a David City egg processing plant has filed a lawsuit accusing the company of hiring illegal immigrants and letting other workers go to save money.The accusations made by Diane Morbach of Bellwood are detailed in a federal lawsuit filed Wednesday by...

TechBits package, 1st Ld-Writethru

May 20, 2009 1:15 pm | by The Associated Press | News | Comments

SAN FRANCISCO (AP) — Caroline Vanderlip believes the escalating debate over Google Inc.'s plans for a vast Internet library of copyright-protected literature will yield enough compelling material to fill a book.That's one reason why SharedBook Inc., a 5-year-old company run by Vanderlip, has set up...

HL:Tony Harwood steps down as president and CEO of Africo@

May 20, 2009 1:10 pm | by The Associated Press | News | Comments

VANCOUVER — Africo Resources Ltd (TSX:ARL) says that Tony Harwood will step down as president and CEO of the junior Vancouver-based international miner.The company gave no reason late Wednesday for the change, effective immediately.Harwood helped take the company public in 2006, helped raise C$20...

HL:Seaview Energy nearly triples first quarter net loss to $1.1 million from $353,000@

May 20, 2009 1:09 pm | by The Associated Press | News | Comments

CALGARY — Seaview Energy Inc. (TSXV:CVU.B), a junior Calgary oil and gas company, reports its net loss grew to nearly $1.1 million or two cents a share for the three months ended March 31.That compared with a loss of $353,000 or two cents a share for the same 2008 period, the company reported...

New New York law extends unemployment benefits, APFN

May 20, 2009 1:09 pm | by VALERIE BAUMAN - Associated Press Writer - Associated Press | News | Comments

ALBANY, N.Y. (AP) — Gov. David Paterson signed a bill Wednesday that extends unemployment benefits to 56,000 New Yorkers who would have received their last checks this week.Paterson and lawmakers had to rewrite legislation in order to qualify for more than $645 million in federal stimulus money to...

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